Akin Advises 7-Eleven in ~$1 Billion Acquisition of 204 Sunoco Stores

(Dallas) – Akin advised 7-Eleven, Inc., the premier name and largest chain in the convenience-retailing industry, in an agreement to acquire 204 stores from Sunoco LP for approximately $1 billion, including customary adjustments for fuel and merchandise inventory. The stores include Stripes convenience stores and Laredo Taco Company restaurants across West Texas, New Mexico and Oklahoma.

The Akin team was led by corporate partners Thomas Yang and Ashton Barrineau Butcher and included counsel Penelope Shumway and associates Hannah Bush and Megan Hamilton.

The wider Akin team included:

• tax partner Alison Chen and associate Samir Halawi;
• corporate and energy counsel Thomas Hillebrand
• labor & employment partner Lauren Leyden, counsel Dustin Stark and associate Hannah Reichelscheimer;
• executive compensation & benefits partners Rolf Zaiss and Stephanie Bollheimer;
• intellectual property partner David Vondle;
• antitrust/competition partner Corey Roush, senior counsel Brian Rafkin and associate Mitchell Khader;
• finance partner Matthew Bivona and Trevor Vega;
• real estate partner John Bain, counsel Chase Hudson and associates Srikaran Mahavadi and Brielle Rowe; and
• environment & natural resources practice head David Quigley, senior counsel Andrew Oelz and associate Erin Magoffie.

More details on the transaction can be found here.

Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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